Islamic Forex Trading Accounts
On specific products, swap fees will not be credited or debited for
traders who are followers of the islamic faith.
What is an islamic acocunt? How does it operate? How do you trade in accordance with islamic finance?
Islamic Accounts (or swap free accounts) are ideally suited to clients who cannot pay or receive interest for religious reasons. Clients will not pay or receive any swaps for positions held overnight, but instead will be charged administration fees which is deducted from the balance of the account.
For people of the Islamic faith, trading forex is possible providing you find an account that does not charge any swaps for overnight positions which is in line with shariah law.
In order to open an Islamic account, a client must first apply for a standard account, and then email our support team to request it to be converted to an Islamic account.
Available markets to trade
Over 60 currency pairs directly on MT5
Global stock market indicies
Gold, oil, silver and more
Major cryptos available with leverage
Advanced Platforms & Technology
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